DJ Solomon is the new bank CEO. Like his counterpart at Citi. Solomon and Fraser are new influencers on Wall Street. And there is more to the achievements of Solomon if you consider it from this angle.
As Christmas and the New Year approaches, pour yourself a glass of Bailey’s (or perhaps something more expensive if you’re one of this year’s crypto winners) and look back at some of the winners and losers of 2021.
Besides, Biden doesn’t hold any shares, why should he care about Wall Street? The U.S. economy is set to have a strong recovery, and markets will surely continue their growth trajectory once the dust settles around Biden’s Tax Plan.
Cathie Wood herself has become controversial for this reason, a ‘love her or hate her’ figure for many in the industry. But the huge returns generated by Ark’s ETFs – all five gained over 100% last year – mean that, either way, she is now impossible to ignore.
Warren’s critique of Robinhood and Citadel Securities is not a unique issue, but is a forebearer of things to come during the pro-regulation Biden administration.
In the meantime, talks have escalated back in the U.S., with Senate Majority Leader Chuck Schumer calling for President Joe Biden to declare a climate emergency just today.
As women take up higher positions in finance and regulation – Marianne Lake and Jennifer Piepszak at JPMorgan, Kate Bessant at Bank of America, Kamala Harris and Elizabeth Warren in policy – it’s not like Fraser is completely alone either.
Deutsche Bank in New York showed a different approach to the anxiety of junior staff by telling all employees they can keep working at home until July 2021.
Sign up for our free newsletter and receive the latest banking and fintech stories, straight to your inbox - every week
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
